Purchase is a favourite topic since the inception of the business. It is believed by many that it is subjective to one’s age rather than anything else. I completely agree with this notion and this essay will demonstrate the reasons for the same.
One primary reason for this is experience. In other words, people tend to learn from their past mistakes, and prevent making them in the future. This is true with reference to the purchase patterns as well, the more a person ages the less they tend to spend. In any family, for instance, parents are more sceptical about expenditure compared to the children, this is because with the progress in the time older generations learn the importance of finances. Certainly, though the market contains overwhelming products, the purchasing habits are completely dependent upon the demographics.
Other factors such as passion are merely proportional to purchasing. That is to say, there are people who are enthusiastic irrespective of maturity, but only a few. Moreover, they belong mostly to the luxury class, such as celebrities, politics and sports. To illustrate, a recent survey conducted by economic times reported that, the ratio of spending habits in online and offline stores is 1: 10 when comparing senior and junior citizens. Therefore, even if the higher maturity groups shop their numbers are skewed.
To conclude, yes, to shop is inversely proportional to the youth. In general, the greater the youth, lesser the tendency to shell out money. Although there are purchases from older maturity groups, they are quite a few transactions.
Purchase
is a
favourite
topic since the inception of the business. It
is believed
by
many
that it is subjective to one’s age
rather
than anything else. I completely
agree
with this notion and this essay will demonstrate the reasons for the same.
One primary reason for this is experience.
In other words
,
people
tend to learn from their past mistakes, and
prevent
making them in the future. This is true with reference to the
purchase
patterns
as well
, the more a person ages the less they tend to spend. In any family,
for instance
, parents are more
sceptical
about expenditure compared to the children, this is
because
with the progress in the time older generations learn the importance of finances.
Certainly
, though the market contains overwhelming products, the purchasing habits are completely dependent upon the demographics.
Other factors such as passion are
merely
proportional to purchasing.
That is
to say, there are
people
who are enthusiastic irrespective of maturity,
but
only
a few.
Moreover
, they belong
mostly
to the luxury
class
, such as celebrities, politics and sports. To illustrate, a recent survey conducted by economic times reported that, the ratio of spending habits in online and offline stores is 1: 10 when comparing senior and junior citizens.
Therefore
, even if the higher maturity groups shop their numbers
are skewed
.
To conclude
, yes, to shop is
inversely
proportional to the youth.
In general
, the greater the youth, lesser the tendency to shell out money. Although there are
purchases
from older maturity groups, they are quite a few transactions.